Goldman Sees Gold Prices Climbing to $1,600
- Negative yielding debt climbed to a record $15 trillion
- Bank of America analyst sees metal climbing to $2,000
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For Goldman Sachs Group Inc. analysts, gold’s rally above $1,500 is just the beginning.
Analysts at the bank predict that prices already at six-year highs will climb to $1,600 an ounce over the next six months as investors seek havens. The dimming global economic outlook, fueled by heightening trade tensions between the U.S. and China are boosting gold’s appeal as a hedge against financial turmoil.